An executive at one industry vendor finds the definition of property values in in the midst of a transition.

“In my opinion, we’re in the middle of a re-emergence of actually defining values for properties versus assuming their worth is what somebody pays for them,” Platinum Data CEO Phil Huff told this publication.

“I think returning to market fundamentals is an important transition that’s going on right now in this part of the industry,” said Huff, whose company is involved collateral and data verification.